Do you still have to pay social security after retirement?

Retirees do not need to pay social insurance. The law clearly stipulates that people who reach retirement age can enjoy social security benefits, but they do not need to pay social security. Under certain circumstances, they can apply for social security benefits when they retire according to relevant regulations to avoid mistakes in the application of the law.

1. Do I still need to pay social insurance for retirees?

Retirees do not need to pay social insurance, but they can enjoy the social security benefits of the prescribed standards. According to Article 16 of the Social Insurance Law, individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis when they reach the statutory retirement age and have paid a total of fifteen years. Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council. If an individual who participates in the basic old-age insurance dies due to illness or non-work, his survivors can receive funeral grants and pensions; Persons who have completely lost their ability to work due to illness or non-work-related disability before reaching the statutory retirement age can receive disability allowance. The required funds are paid from the basic old-age insurance fund.

Second, the collection method of social insurance premiums

1. proportional insurance system

This method is based on the wage income of the insured, and a certain proportion is stipulated to collect insurance premiums. Adopting the proportional system, the initial main purpose of social insurance is to compensate the income lost by the insured in risk accidents in order to maintain their minimum living. Therefore, we should refer to his usual income, on the one hand, as a standard to measure payment, on the other hand, as the basis for premium calculation.

The biggest drawback of the work-based proportional insurance system is that the burden of social insurance is directly related to wages. Whether employers and employees bear social insurance premiums or one of them bears social insurance premiums, the burden of social insurance is manifested in the increase of labor costs, which will lead to capital crowding out labor, which will lead to an increase in unemployment.

2. Equal insurance premium system

That is, regardless of the income of the insured or his employer, the insurance premium of the same amount should be charged. The advantages of this system are simple calculation and easy to be universally realized. Moreover, in countries that collect insurance premiums in this way, the payment system is generally divided equally, which has the significance of equal income and expenditure. But its defect is that low-income people and high-income people pay the same premium, which is obviously unfair in terms of affordability.

The specific handling of social security needs to be handled in strict accordance with the procedures stipulated in the above laws. Different people have different types of social security and enjoy different social security benefits.

Under specific circumstances, you can consult the social security department when you retire, and you can enjoy pension and other benefits after going through the prescribed procedures.